Corcentric
UnclaimedOptimize B2B commerce with integrated AP, AR, procurement, and payment solutions.
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TL;DR - Corcentric
- Automates and integrates B2B procurement, AP, AR, and payments.
- Combines software, managed services, and strategic advisory for holistic optimization.
- Leverages AI for faster results, touchless processing, and improved cash flow.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Comprehensive end-to-end B2B commerce lifecycle management
- Combines technology with expert human services for tailored solutions
- AI-powered features for automation and data insights
- Proven track record with over 2,000 customers and significant transaction volume
- Focus on improving cash flow and reducing operational stress
Cons
- Pricing details are not publicly available, requiring direct contact
- Requires integration with existing systems, which may involve implementation effort
Key Features
Advanced Software Solutions for procurement, AP, AR, and CLMIntegrated Managed Services for process efficiency and team supportEmbedded Strategic Advisors for optimization guidanceIntelligent Applications with AI-powered solutionsMaximizing Spend EfficiencyImproving Cash FlowEnhancing Supplier ManagementAccelerating Payments Processes
Pricing
Paid
Corcentric offers paid plans. Visit their website for current pricing details.
About Corcentric
By Toolradar Team·
Corcentric provides comprehensive B2B commerce solutions designed to streamline and optimize financial and procurement operations. It offers a combination of advanced software, integrated managed services, and strategic advisory to help businesses manage their source-to-settle and order-to-cash processes more efficiently. The platform integrates and automates procurement, accounts payable (AP), accounts receivable (AR), and contract lifecycle management (CLM) to enhance collaboration and accelerate throughput.
This platform is ideal for businesses looking to maximize spend efficiency, improve cash flow, enhance supplier management, and accelerate payment processes. By leveraging AI-powered solutions, Corcentric delivers faster results through instant data access, touchless processing, and significant time savings. It caters to organizations seeking to reduce stress and uncertainty in their B2B transactions, enabling them to focus on growth by providing tailored strategies and expert guidance.
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Corcentric FAQ
How does Corcentric's AI-powered solutions specifically contribute to touchless processing in B2B commerce?
Corcentric's Intelligent Applications leverage AI to automate data extraction, reconciliation, and approval workflows across procurement, AP, and AR. This automation minimizes manual intervention, enabling transactions to flow seamlessly from initiation to settlement without human touchpoints, thereby accelerating processing times and reducing errors.
What is the scope of 'Embedded Strategic Advisors' and how do they interact with a client's internal teams?
Embedded Strategic Advisors are experienced sourcing, procurement, and payments experts who work directly with client teams. They provide guidance on optimizing processes, identifying cost-saving opportunities, and implementing best practices. Their role is to bolster in-house capabilities and ensure the effective utilization of Corcentric's software and services.
Can Corcentric's platform be customized to fit unique B2B commerce workflows, particularly for businesses with complex supplier or customer relationships?
Yes, Corcentric emphasizes delivering flexible B2B commerce solutions tailored to unique goals. The platform is designed to adapt to various business outcomes and can be configured to support complex source-to-settle and order-to-cash continuums, accommodating diverse supplier management and customer payment requirements.
Beyond standard AP and AR automation, what specific functionalities does Corcentric offer for Contract Lifecycle Management (CLM)?
Corcentric integrates CLM processes and data, which typically includes features for contract creation, negotiation, approval workflows, secure storage, and compliance monitoring. This integration ensures that contractual terms are adhered to throughout the procurement and payment cycles, reducing risk and improving governance.
How does Corcentric measure and demonstrate the 'proven results' it claims, such as saving money and freeing up cash flow for its clients?
Corcentric measures results through key performance indicators such as reduced processing costs, accelerated payment cycles, improved discount capture rates, enhanced working capital, and increased spend under management. These metrics are tracked and reported to clients, often through case studies and direct client testimonials, to demonstrate tangible financial and operational improvements.
Source: corcentric.com